Paramount Gold Nevada Receives Approvals From Oregon State Regulators for Its First Two Baseline Data Reports

Paramount Gold Nevada (NYSE American:PZG) (“Paramount”) reported today that the Oregon Department of Geology and Mineral Industries (“DOGAMI”) and the Department of Environmental Quality (“DEQ”) have approved and accepted the first two baseline environmental reports required for the permitting of Paramount’s proposed Grassy Mountain gold mine in Oregon. The baseline air quality report and the … Continued

Paramount Gold Nevada (NYSE American:PZG) (“Paramount”) reported today that the Oregon Department of Geology and Mineral Industries (“DOGAMI”) and the Department of Environmental Quality (“DEQ”) have approved and accepted the first two baseline environmental reports required for the permitting of Paramount’s proposed Grassy Mountain gold mine in Oregon.

The baseline air quality report and the baseline visual resources report were submitted to the state of Oregon on January 18, 2018 and December 22, 2017 respectively. Final approval for both reports was received on February 28, 2018.

Paramount CEO Glen van Treek commented:

“We are very encouraged by the quick turnaround time and the fact that these reports have been approved and accepted without change. This excellent response from Oregon State regulators supports our permitting timeline which has us submitting our consolidated permit application to the DOGAMI in mid-2018.

Once this application has been accepted as complete and a notice to proceed has been issued by state regulators, a permit decision should be expected within days.”